Curo Group Holdings Corp (CURO) Expected to Post Earnings of $0.51 Per Share

Equities research analysts predict that Curo Group Holdings Corp (NYSE:CURO) will report earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Curo Group’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.50. The business is expected to announce its next earnings results on Monday, October 29th.

According to Zacks, analysts expect that Curo Group will report full-year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.35 to $2.43. For the next financial year, analysts expect that the business will report earnings of $3.39 per share, with EPS estimates ranging from $3.05 to $3.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Curo Group.

Curo Group (NYSE:CURO) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Curo Group had a return on equity of 175.82% and a net margin of 5.94%. The company had revenue of $248.98 million during the quarter, compared to the consensus estimate of $238.73 million.

A number of analysts have recently commented on CURO shares. Zacks Investment Research raised Curo Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. ValuEngine cut Curo Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Credit Suisse Group boosted their price target on Curo Group from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.20.

In related news, EVP Terry Gene Pittman sold 51,596 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $26.52, for a total value of $1,368,325.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fleischer & Lowe Gp I. Friedman sold 552,197 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $23.00, for a total transaction of $12,700,531.00. The disclosure for this sale can be found here. 48.35% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CURO. Wells Fargo & Company MN purchased a new position in Curo Group in the 1st quarter worth approximately $167,000. California State Teachers Retirement System purchased a new position in Curo Group in the 1st quarter worth approximately $203,000. Prudential Financial Inc. purchased a new position in Curo Group in the 1st quarter worth approximately $349,000. Goldman Sachs Group Inc. purchased a new position in Curo Group in the 4th quarter worth approximately $427,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Curo Group in the 1st quarter worth approximately $538,000. Institutional investors own 46.67% of the company’s stock.

Shares of CURO traded up $0.62 during mid-day trading on Monday, reaching $28.96. The company had a trading volume of 113,600 shares, compared to its average volume of 232,203. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 11.91. Curo Group has a 52 week low of $13.50 and a 52 week high of $29.15. The stock has a market cap of $1.23 billion and a P/E ratio of 15.58.

Curo Group Company Profile

CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.

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Earnings History and Estimates for Curo Group (NYSE:CURO)

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